News Release
Regional Hispanic Food Companies Need Partners
Chicago, October 22, 2009 − Many Latino-owned food companies have successfully developed and are marketing quality Hispanic food products, but need the financial and organizational resources to expand from regional distribution to the national stage. According to Global Insight, Inc., the Hispanic population in the US will grow an additional 22 million (44%) by the year 2025 and represent one in five Americans, further driving the ever growing market for authentic Hispanic foods.
The expected increase in demand provides an excellent opportunity for Hispanic food companies, provided they can gain access to necessary capital. However, they still need a national distribution network, as well as securing the dedicated manufacturing capacity needed.
Although this market opportunity has not been overlooked by the nation's largest food companies, many of the best acquisition candidates are in the $10 to $30 million sales range, generally considered too small to attract large public food company interest. Therefore, this provides an excellent opportunity for appropriately sized food companies with both the strategic will and existing operations to join forces with Latino entrepreneurs to better serve this growing Hispanic food segment.
"We think that this is the perfect time for regional Hispanic companies to combine with established food companies that have coast-to-coast distribution, complementary product lines, and similar objectives," stated Miles Greer, Principal with the J.H. Chapman Group, L.L.C.
For over 25 years, the J.H. Chapman Group has provided merger-minded food clients with a dynamic and thorough process to find suitable partners. Chapman provides focused, comprehensive advisory services that manage the entire sale or acquisition process on behalf of clients for minimal disruption and maximum results.
